213Mining Trust Fund

213 Mining Trust Fund (1) Part XIIIA of the repealed Act continues to operate in relation to moneys paid into the Mining Trust Fund before the commencement day as if that Part were still in force. (2) However, the Minister may direct the trustee of the Mining Trust Fund to repay moneys paid by a person under section 174J(1) of the repealed Act (and any interest earned on those moneys) to the person, or the person's assignee, if the Minister is satisfied: (a) the moneys are no longer required to be used to pay compensation for the effect of an act on native title; and (b) none of the circumstances mentioned in section 174K(1) of the repealed Act applies in relation to the act mentioned in paragraph (a). (3) The Minister may direct the trustee of the Mining Trust Fund to close the Trust Fund when it no longer holds any moneys paid into the Trust Fund under the repealed Act.